12.04.2017
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DGAP-Adhoc: SinnerSchrader AG: BUSINESS CONTINUED POSITIVE TREND IN THE SECOND QUARTER / REVENUE 14 PER CENT OVER PREVIOUS YEAR; EBITA NEARLY DOUBLED / FORECAST FOR THE ENTIRE 2016/2017 FINANCIAL YEAR CONFIRMED
DGAP-Ad-hoc: SinnerSchrader AG / Key word(s): Half Year Results
SinnerSchrader AG: BUSINESS CONTINUED POSITIVE TREND IN THE SECOND QUARTER /
REVENUE 14 PER CENT OVER PREVIOUS YEAR; EBITA NEARLY DOUBLED / FORECAST FOR
THE ENTIRE 2016/2017 FINANCIAL YEAR CONFIRMED
12-Apr-2017 / 21:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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SinnerSchrader continued its positive business development in the second
quarter of 2016/2017. From 1 December 2016 to 28 February 2017,
SinnerSchrader achieved revenue of 13.7 million euros. The comparable figure
for the previous year was thus exceeded by 13.8 per cent. Despite negative
seasonal factors, revenue in the second financial quarter also surpassed the
figure for the first quarter by 2.7 per cent. This is proof of an increase
in the dynamics of the business development, as planned and expected.
The operating result (EBITA) of the quarter under review amounted to just
under 1.0 million euros. In the second quarter of the previous year,
SinnerSchrader had achieved an EBITA of a good
0.5 million euros. The EBITA of the quarter of the report includes costs of
approx. 0.25 million euros for consulting services in connection with the
business combination between SinnerSchrader and Accenture announced on 20
February 2017.
For the first half of the 2016/2017 financial year (1 September 2016 to 28
February 2017), revenue added up to 26.9 million euros. This was an increase
in revenue over the first half of the 2015/2016 financial year of 2.1
million euros, or 8.5 per cent. Revenue for the preceding second half of the
2015/2016 financial year was exceeded by 2.1 per cent.
The EBITA of the half year under review reached almost 2.3 million euros.
Compared to the same period of the previous year, EBITA was up by 0.9
million euros, or 66 per cent. The net income of the SinnerSchrader Group
for the reporting period has improved by a similar rate of 65 per cent,
amounting to just under 1.6 million euros or 0.14 euro per share.
At 1.9 million euros, the operating cash flow also developed positively in
the first half of 2016/2017. Given the pay-out of 2.2 million euros in
dividends in January 2017, the amount of liquid funds, however, decreased to
a level of 5.4 million euros compared to 6.1 million euros as at 31 August
2016. The equity ratio was 58.4 per cent as at 28 February 2017. The number
of employees reached 524 employees by the end of February, 19 employees more
than at the end of the previous year.
Based on the positive development of revenue and earnings in the first half
of the current financial year - subject however to personnel related
expenses potentially incurred in connection with the implementation of the
Business Combination Agreement with Accenture of up to 3.8 million euros -
SinnerSchrader sees itself well on the way to achieving its forecast for the
entire year of 2016/2017 announced in November 2016 - i.e. revenue of more
than 56 million euros, EBITA in the range of 5.8 to 5.9 million euros and
net income of at least 4 million euros, or 0.35 euros per share.
The full report of the SinnerSchrader Group for the second quarter and the
first half of the 2016/2017 financial year will be made available at
http://www.sinnerschrader.ag/en/reports on
13 February 2017 at 4 p.m. CET.
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Information and Explanation of the Issuer to this News:
ABOUT SINNERSCHRADER
SinnerSchrader is one of the leading digital agencies in Europe with the
focus on the design and development of digital products and services. More
than 500 employees work on digital transformation for companies such as
Allianz, Audi, BMW, comdirect bank, ERGO, Telefónica, TUI, Unitymedia and
VW. SinnerSchrader was founded in 1996, has been listed on the stock
exchange since 1999 and has offices in Hamburg, Berlin, Frankfurt am Main,
Munich, Prague and Hanover. Since April 2017, SinnerSchrader has been part
of Accenture Interactive.
http://sinnerschrader.com
PRESS CONTACT
Carmen Fesenbeck
Corporate Communications
[email protected]
INVESTOR RELATIONS CONTACT
Thomas Dyckhoff
CFO
[email protected]
SinnerSchrader Aktiengesellschaft
Völckersstraße 38
2765 Hamburg
T. +49. 40. 39 88 55-0
F. +49. 40. 39 88 55-55
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12-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: SinnerSchrader AG
Völckersstraße 38
22765 Hamburg
Germany
Phone: +49 (0)40 39 88 55-0
Fax: +49 (0)40 39 88 55-55
E-mail: [email protected]
Internet: www.sinnerschrader.com
ISIN: DE0005141907
WKN: 514190
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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564729 12-Apr-2017 CET/CEST
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